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Red States Have Awful Credit Scores – Blue States Have Huge Card Debt

New research reveals the average credit score for consumers in ‘blue’ states was 681, substantially higher than the ‘red’ state average of 665. In fact, the ten states with the lowest average credit score are all considered ‘red’ states. Nationally, the average credit score was 671, which represents a six-point increase from the prior year.  

Overall, consumers in 28 states have an average credit score at or above the national average.

Along with the highest average credit scores, ‘blue’ state residents also have higher credit card debt on average when compared to those residing in ‘red’ states. The average total credit card debt for ‘blue’ states is $6,702 while the ‘red’ states average $5,475 over the past 12 months. The national average total credit card debt is $5,936. Interestingly, the ten states with the highest average total credit card debt are all considered blue states.

The data also suggest that geography plays a role in consumer spending and how Americans utilize credit.  Southern states, for example, tend to carry less overall credit card debt but also have lower credit scores on average when compared to consumers in the northeast. Economic opportunities, cost of living and culture are all factors that contribute to the differences in consumer credit between ‘red’ and ‘blue’ states.”

LendingTree analyzed over 10 million credit scores from consumers who submitted a loan request through LendingTree Between April 1, 2016 and March 31, 2017.  Credit card debt information was gathered through an analysis of over 4 million My LendingTree account holders.

MORE Individual State Results


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